Vimeo
LinkedIn
Instagram
Share |

dubai

April 26, 2012

Family businesses are big in the Middle East – various estimates say around 90% of all companies in the region are controlled by families. But its importance was further underscored this week with the launch of the Family Business Network GCC, the first of its kind in the area.

Family businesses are big in the Middle East – various estimates say around 90% of all companies in the region are controlled by families. But its importance was further underscored this week with the launch of the Family Business Network GCC, the first of its kind in the area.

Covering members of the Gulf Cooperation Council, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE, the network will be based in Dubai.

January 5, 2012

The Abdullah brothers, majority owners of jewellery retailer Damas, plan to sell some of their stake in the family business in an attempt to boost efforts to repay debt.

The Abdullah brothers, majority owners of jewellery retailer Damas, plan to sell some of their stake in the family business in an attempt to boost efforts to repay debt.

According to a filing with Nasdaq Dubai, where the Middle Eastern company first listed its shares in 2008, third-generation brothers Tawfique, Tawhid and Tamjid have appointed a financial adviser to help with the potential sale of a part of their 52% stake.

June 18, 2010

When the State-owned investment holding company Dubai World asked for an extension on debt repayments last year, it caused major global stock markets to fall as investors worried about the health of the Middle East’s economy, writes Richard Hemming.

When the State-owned investment holding company Dubai World asked for an extension on debt repayments last year, it caused major global stock markets to fall as investors worried about the health of the Middle East's economy, writes Richard Hemming.

Underlining the panic was the fact that the region as a whole is heavily weighted towards financial services companies, which represent about 50% of the local stock market indexes.

March 22, 2010

Tawhid, Tawfique and Tamjid Abdullah, the second-generation brothers who run family-owned jewellery group Damas, have been fined for withdrawing unauthorised funds and forced to resign from the board of the company by the Dubai Financial Services Authority (DFSA)

Tawhid, Tawfique and Tamjid Abdullah, the second-generation brothers who run family-owned jewellery group Damas, have been fined for withdrawing unauthorised funds and forced to resign from the board of the company by the Dubai Financial Services Authority (DFSA).
 

December 9, 2009

It's impossible to pick up a paper anywhere in the world without encountering news of the debt drama in Dubai, where family businesses dominate the economic landscape, writes Amy Schuman

Amy Schuman is a principal of the Family Business Consulting Group and a founding facilitator of the Next Generation Leadership Institute, part of the Loyola University Chicago Family Business Centre. 

November 30, 2009

The latest hiatus in the world’s financial markets brought about by Dubai’s current debt crisis is clearly a concern to family investors in the region, but it should be viewed as good news, the CEO of a leading family office in Abu Dhabi exclusively told www.campdenFB.com.

The latest hiatus in the world's financial markets brought about by Dubai's current debt crisis is clearly a concern to family investors in the region, but it should be viewed as good news, the CEO of a leading family office in Abu Dhabi exclusively told www.campdenFB.com.

"It should be a catalyst for change in the right direction," he said. "This crisis will underline the importance of good planning, solid corporate governance frameworks and transparency."

October 13, 2009

The family-controlled jewellery group, Damas International Limited, has announced that second-generation Tawhid Mohammed Taher Abdullah has resigned as its chief executive and managing director.

The family-controlled jewellery group, Damas International Limited, has announced that second-generation Tawhid Mohammed Taher Abdullah has resigned as its chief executive and managing director.
 

February 10, 2009

Saudi Prince Saud bin Mansour is to open a single family office within the Dubai International Financial Centre (DIFC).

Saudi Prince Saud bin Mansour is to open a single family office within the Dubai International Financial Centre (DIFC).

Novaar Ltd, which is due to formally open within a month, will be a dedicated investment management and advisory platform for the Prince and unspecified members of his family.

"I am very pleased to expand the initiatives of my private investment office to DIFC," said the Prince, who was advised in establishing Novaar by Germany-based family office Harald Quandt Holding.

October 24, 2008

Family-owned Unitra METS Group, a $160 million specialty beverage distributor based in Dubai, has sold a majority stake of its business to ADIC MENA Partners, a private equity fund managed by the Abu Dhabi Investment Company.

Family-owned Unitra METS Group, a $160 million specialty beverage distributor based in Dubai, has sold a majority stake of its business to ADIC MENA Partners, a private equity fund managed by the Abu Dhabi Investment Company.

"We are very proud of our success in building Unitra METS into one of the UAE's leading specialty beverage distributors and look forward to expanding the business regionally with the support of our new partners at the ADIC private equity fund," said Najib Al Zarooni, chairman of Unitra METS Group.

Click here >>
Close